Charge cards and foreign transaction rates
Please, if you are going to comment, read the posting first. It is about a fee that is charged in addition to Annual card fees or Exchange rates. ===================================================...
Forum Discussion
nbking wrote:
For travelling in the US, we went to our Canadian bank and got a US Dollar Credit Card. Charges are shown in US dollars; payment is in US Dollars. No exchange fees.
There is a $30.00 annual fee which is rebated if you spend $1000.00 per year.
Never thought about how it would work in Europe and Asia. Those areas are beyond what I would want to do at my age anyway.
My comment wasn't about exchange rates, it was about a TRANSACTION fee, which is a charge that CC companies add on to your purchases made in foreign countries.
Gary Haupt
